While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
30 Yr. Bonds... are attempting to top. By remaining under 140.00 they have the potential to break another point.
TBT...by maintaining above 56.85 close, TBT can rally to 58 which is the next resistance level.
Banks benefiting from the price action in bonds are WFC, C (which now needs to push through 50.27 to confirm more upside) and COF.
Every instrument needs to be evaluated on their own technical merits.
We blew out of the Pound Sterling this A.M. turning a nice trade into nothing. At least we covered the commission cost.
We traded a great technical area and paid for the stop. This one just wouldn't go.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
